As the Ripple (XRP) and SEC lawsuit continues, investors are eagerly awaiting the outcome of the court. XRP remains the focus of the cryptocurrency industry. While the repercussions of the FTX crisis continue, the cryptocurrency market continues to be under selling pressure.
However, despite the lack of positive development in the SEC case, XRP is currently trading at 0.38 dollars, up almost 10% over the past week. Ripple had recorded similar increases in the previous weeks. The recent rally can be attributed to comments from Ripple CEO Brad Garlinghouse.
According to Garlinghouse, Ripple may be interested in FTX-owned companies that serve commercial clients. Former FTX CEO Sam Bankman-Fried is seeking funding for a bailout plan. Ripple also continues to grow its team with new business acquisitions despite the bear market.
Source: https://ripple.com/insights/q3-2022-xrp-markets-report/
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